Figure Heloc (FIGR_HELOC) is 248663.5× the size of LiveArt (ART) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.05 across 44 shared trading days). ART has been the more volatile of the two, at 147% annualised against FIGR_HELOC's 52%.
ARTFIGR_HELOC
-0.05over 44 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | ART | FIGR_HELOC |
|---|---|---|
| Max drawdown (400d) | -54.3% | -5.5% |
| Risk-adjusted return (90d) | -0.17 | 0.05 |
Relative strength over 90 days: FIGR_HELOC outperformed ART by 17.5% — measured on the ART/FIGR_HELOC ratio, so it holds regardless of market direction.